My bank savings account is giving me 0.4% interest per year. And, likely, yours is not doing any better. Moreover, the reported 5.8% inflation rate (Source: IMF.org) in the world further leads to losing money year after year if it’s just sitting in a savings account. What if I told you that you could get over 10, 30, or even 1000 percent interest in crypto – easily beating that inflation rate plus more. The risk varies as obviously the 10% APY comes with a lot less risk than the 8000% APY. Yes, you read it right. That is insane! Some yield farming platforms out there can help you generate that staggering number of returns. However, it comes with a price and a lot of risks.
But there is a better option, i.e., BNBPeach.io. It is a yield farming smart contract on the Binance Smart Chain (BSC) that generates 119% to 234% stable ROI without any risks. Don’t worry; we will tell you all about it in just a bit. This is a beginner’s intro to yield farming and everything you need to know about making passive income in Binance coins without trading, on BNBPeach.
So, let’s dig right in!
Understanding Yield Farming
Yield is the return you get on an asset or how much money you generate by holding something of value. For example, if you own a property and rent it out, the yearly profit (of the liability of how much the house costs + the income from the house versus expenses) is your yield. While farming just refers to searching around. Thus, yield farming is just searching around the crypto market for the best place to deposit your money to earn a yield. This is generally done through staking or locking up your crypto and agreeing to set it aside in exchange for rewards – generally more crypto.
The yield comes through lending, where someone borrows your money and ends up paying it back plus a premium. This is already traditionally the kind of mechanism of your savings account at your bank. Your bank is lending out your money, and you are getting that back plus a premium.
Now, there’s a higher potential to earn great gains or make huge losses in crypto. You can hypothetically earn a much, much higher return and that’s why most crypto investors cannot go back to letting their money decay in a traditional savings account. APY or annual percentage yields simply do not compare in traditional finance as they can in crypto, primarily centered around decentralized finance (Defi). Defi works through dapps (decentralized apps) that offer a wide range of services, including yield farming.
Yield Farming on BNBPeach
BNBPeach is a yield farming dapp that can help you generate a daily ROI on a minimum deposit of 0.01 BNB. Depending on the period you choose (7 days to 30 days), you can get a daily ROI of 7.8% to 17%. Thus, a total return of investment of 119% to 234%!
Here is how you can earn through yield farming on BNBPeach:
- Visit their website, and connect your wallet
- Select the period, and click on ‘Invest’
- Wait and withdraw the yield + your BNB back to your wallet
Features of Yield Farming on BNBPeach
Here are the key features of doing yield farming on BNBPeach:
- Safe: HazeCrypto has audited BNBPeach smart contract, so it is 100% safe.
- User-Friendly: The interface is intuitive and user-friendly.
- 24/7 Customer Support: Users can contact the support staff anytime for any concerns/queries on Telegram.
- Best For Beginners: Beginners can quickly start yield farming here, even without experience.
- Stable Returns: No risks, so you can get stable high returns.
For more information about BNBPeach, please visit their website
Check out their Smart Contract here
If you have any questions, you can ask on their telegram channel
Disclaimer: This is a paid post and should not be treated as news/advice.
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